Vulcan Forgeda New York-based provider of a blockchain game studio and decentralized application (“dApp”), raised an undisclosed amount in Series A funding.
The round was led by Anthony Scaramucci’s SkyBridge Capital.
The company intends to use the funds to further accelerate the growth of its patented metaverse-as-a-service engine, MetaScapes, and to scale operations in North America and existing key markets.
Led by CEO Jamie Thomson, Vulcan Forged is a premium blockchain game studio, dApp incubator and cross-chain NFT marketplace. It is the creator of popular web3 gaming titles such as VulcanVerse, Forge Arena, Berserk and over 15 other games and dApps with over 200,000 users in the community.
In 2021, Vulcan Forged created Elysium, its own proprietary proof-of-stake blockchain that was purpose-built for gaming, dApps and other metaverse activity with fast transaction speeds and low gas fees. In addition to Ethereum Virtual Machine compatibility, Elysium is carbon-neutral through its partnership with Coorest, which uses tokenized trees to offset its energy consumption and environmental impact. The more the Elysium blockchain is used, the more trees are planted over 5,000 acres of land in Spain and Greece, reserved specifically for this purpose. The studio is now launching a patented metaverse-as-a-service engine, MetaScapes, that allows users to design and build their own metaverse land and store that data in a non-fungible token (NFT).